Structureanalysis
AUDUSD Short 4H Head & ShoulderAs my Bias are all for long would wait for the 4H structure shift with H&S pattern to complete and then go short on the retest of the neckline. It will be a short term sell then.
Long on PullbackLooking to enter longs on a pullback to retest recently broken resistance (which is now key support) in confluence to the 0.5 fib retracement and respectable ascending TL.
GBPNZD Short 4HPossible short opportunity. But make sure to have a nice bearish price action as the daily HL have not been confirm with the clean break.
Long Opportunity on Trendline Retest | Pullback SetupLooking for a pullback to retest broken descending TL in confluence to the 0.5 fib retracement, previous area of S&R, and a respectable ascending TL. MA50 also indicating early momentum shifts to the upside.
Long on PullbackLooking to enter longs on a pullback retesting the back of the broken descending TL in confluence to the 0.5 fib retracement, previous area of S&R, and respectable ascending TL supported bu the MA50 momentum shift.
JPYBASKET Daily Double Bottom DivergenceYen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence.
With this we can see all the JPY related pairs get impacted.
Wait and watch the day scenario....
EURUSD UPDATEDollar index getting higher causing a drop in EURUSD price. EURUSD up-trend is decelerating and seems like it's over and price is in the distribution phase.
Eyes are on the 1.176-- level, and a breakout here will means that we could see 1.1400.
